Daily funding roundup - March 8, 2016

Crimson Hexagon raised $20M; Spotinst secured $2M; Fullcube closed a $1.15M Seed funding

• Fullcube, provider of a subscription management platform, closed $1.15 million in seed funding from angel investors. We’ve reached out to the company to confirm which investors participated and will update when we hear back. Fullcube says it will use the new funding to acquire more customers and expand its product functionality.
  
  
• Cloud optimization company Spotinst secured a $2 million Series A round of funding led by PICO Venture Partners. The new funding is Spotinst’s first venture capital raise. Headquartered in Tel Aviv and launched last year in collaboration with New York-based Precision Capital, Spotinst offers a core product called Elastigroup, which is deployed across multiple data centers in order to provide 100 percent availability for processes running in the cloud.
  
  
• Halifax-based Spring Loaded Technology, which develops a company bionic knee brace, secured $1.9 million in seed round funding from Build Ventures. The company also snagged a military contract with the Canadian Department of National Defense worth $1 million. The company’s main offering is its Levitation knee brace, which is able to store kinetic energy in a compact and powerful spring as the user bends their knee; it returns that energy in a customizable way as the user straightens their leg.
  
  
• CoverWallet, an online insurance manager, received $2 million in seed funding from Two Sigma Ventures, Highland Capital Partners, Founder Collective and a long list of strategic angel investors. The startup, which was in stealth mode until this week, provides small businesses with a concierge-like service that helps businesses deal with the complex, and often confusing, intricacies of commercial insurance.
  
  
• Cab Guru, a Cambridge, UK-based cab comparison and booking app startup, raised over £2 million in funding. The backers were not disclosed. The company will use the funds towards further development and marketing, generating growth across the whole of the UK. Launched via the joint effort of more than 300 major cab companies in the UK, Cab Guru aims to support UK-based private hire and taxi firms to compete with Uber via an app where customers can compare cabs based on price, availability or service in real-time and book a cab anywhere in the UK.
  
  
• St. Louis, Missouri-based OneSpace, a virtual workforce platform that brings businesses and freelancers together, raised $9 million in a Series B funding round led by Lewis & Clark Ventures. Series A lead Highland Capital, along withAnswers Corporation executives David Karandish and Chris Sims, also participated in round. OneSpace also announced Tom Hillman, general partner at Lewis & Clark Ventures, recently joined the company’s board.
  
  
• Crimson Hexagon, a provider of social data analysis to inform strategic enterprise decision-making, raised $20 million in growth equity financing in a round led by Sageview Capital. The funding enables Crimson Hexagon to add capabilities to its solution while also expanding its global sales and marketing team and infrastructure.
  
  
• Shanghai-based “boutique entertainment studio” Linmon Pictures bagged a round of 500 million RMB (about $76 million) Series B Funding, according to Chinese startup and investor platform, ITJuzi. The round of investment was led by Hony Capital and followed by Tencent and Mango V Foundation. Founded in August 2014, Linmon Pictures is an independent creator, producer, and distributor of entertainment content.
  
  
• Agilent Technologies Inc. invested $80 million in Lasergen, a biotechnology company with innovative next-generation sequencing technology. With this investment, Agilent will acquire a 48-percent ownership stake in privately held Lasergen and will join the board. Agilent has the option to acquire the remaining shares of Lasergen until March 2, 2018, for an additional consideration of $105 million.
  
  
• Beijing-based enterprise cloud computing services provider QingCloud completed $100 million series C round of financing from two undisclosed Chinese investors with participation from existing investor BlueRun Ventures. QingCloud says it will use the proceeds on research and development, infrastructure build-up and product improvements.Founded in 2012, QingCloud raised US$2 million series A round from BlueRun Ventures that year.

If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to mitos@vator.tv. 

Image source: dcinno.streetwise.co